Press release
Coffee Market Report Size, Share, Growth & Trends (2022-2028) | Nestle SA, JAB Holding Company, Strauss Group Ltd
Market Overview:Global Coffee Market was valued at USD 120.48 billion in 2021 and is expected to reach USD 166.39 billion by the year 2028, at a CAGR of 4.72%.
Coffee is one of the world's most popular drinks, A beverage made from roasted coffee beans is called coffee. Coffee is a dark-colored, bitter, and slightly acidic beverage that, mostly because of its caffeine content, has a stimulating impact on people. The world's most consumed hot beverage is this one. Millions of coffee farms and coffee bean roasters are supported by coffee, one of the most widely exported agricultural goods. With more disposable income and a greater standard of living, coffee has gained popularity among young people over the past ten years. Two main plant varieties, Arabica and Robusta, are utilized to produce various sub-branch types of coffee beans with varying palate notes, tastes, and caffeine contents. The biggest producer of quality Arabica coffee worldwide is Brazil, while the biggest producer of Robusta coffee worldwide is Vietnam.
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Market Dynamics:
Driver:
Customers are prepared to pay for the high-quality coffee that has evolved into a social medium, fueling the rise of local and international franchise coffee shops, which in turn is driving the demand for a diversity of coffee. Coffee shops like Starbucks, Costa, and CCD are prospering as a result. Employee demography, urbanization, and gastronomy are some of the factors influencing the expansion of the global coffee market, along with the burgeoning cafe culture of today's younger population and increased disposable income. The global market should be further stimulated by changes in labor culture, particularly in the business sector, which should also raise living standards.
Opportunities:
A significant trend attracting consumers of coffee worldwide is healthy drinking. Coffee is another useful beverage that has been proven to have positive effects on health. To meet the needs of the huge global customer base, more coffee varieties are being introduced to the market. Regarding the expanding trends of functional drinks, customers deliberately seek out coffee that makes health claims. The top firms now include vitamins, minerals, probiotics, antioxidants, and energy-boosting ingredients in their coffee beverages. also contribute the future market growth.
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Market Segmentation
Based on Type, instant coffee occupied the largest market share with a value of USD 40.69 billion in 2020. By type, the fastest-growing segment was coffee pods and capsules, and this segment may register a high CAGR during the forecast period.
Based on the Distribution Channel, off-trade accounted for the largest share of 83.50% in 2020. Further, in the off-trade segment, supermarkets/hypermarkets accounted for the largest market share in 2020, it is estimated to be followed by convenience stores, which may witness a high CAGR during the forecast period. On-trade distribution channels, like cafes and bars, are growing, as more people across the world are consuming coffee at coffee shops, restaurants, and workplaces.
By Product Type
• Whole Bean Coffee
• Ground Coffee
• Instant Coffee
• Coffee Pods
• Capsules
By Variety
• Arabica
• Robusta
• Canephora
By Distribution Channel
• On Trade
• Off Trade
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Regional Insights
By geography, Europe held the major share in the global coffee market, with a value of USD 40.90 billion in 2020, and it is expected to record a high CAGR during the forecast period. Germany is the largest coffee-consuming country in Europe, with a per capita coffee consumption of nearly 6.5 kg. It is also the most prominent European importer of green coffee beans. The strong demand for freshly brewed coffee is driving the sales of the market study. Moreover, the availability of pods and pod machines has increased significantly over the last few years. Fresh coffee pods are now available in several retail outlets, both online and offline, which, in turn, is supporting the market growth in the Rest of Europe.
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Players Covered in Coffee Market are:
• Nestle SA
• JAB Holding Company
• The Kraft Heinz Company
• Strauss Group Ltd
• Starbucks Coffee Company
• The J.M. Smucker Company
• Luigi Lavazza SPA
• The Coca-Cola Company
• Tata Global Beverages
• Tchibo GmbH and other major players.
Key Industry Developments In Coffee Market
• In February 2020, Starbucks introduced ready-to-drink Starbucks Nitro Cold Bew cans in collaboration with PepsiCo Inc. The drinks are available in various varieties such as black, vanilla sweet cream, and dark caramel, and they are filled with nitrogen gas.
• In November 2019, Leading key player Luigi Lavazza SPA introduced total compostable coffee pods with packaging, design by the path. The company targeted to remove its entire range of aluminum capsules with new trends such as eco-friendly ones, by the end of the year with the same cost.
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Variety
3.3 By Distribution Channels
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Coffee Market by Type
5.1 Coffee Market Overview Snapshot and Growth Engine
5.2 Coffee Market Overview
5.3 Whole Bean Coffee
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Whole Bean Coffee: Grographic Segmentation
5.4 Ground Coffee
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Ground Coffee: Grographic Segmentation
5.5 Instant Coffee
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Instant Coffee: Grographic Segmentation
5.6 Coffee Pods
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Coffee Pods: Grographic Segmentation
5.7 Capsules
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Capsules: Grographic Segmentation
Continue….
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